* Investment limit increases for investment in knowledge-intensive companies receiving investments under the EIS and VCTs rules. The annual limit for individuals investing in knowledge-intensive companies under the EIS will be increased to £2 million, provided that anything above £1 million is invested in knowledge-intensive companies. The annual EIS and VCT limit on the amount of tax-advantaged investments a knowledge-intensive company may receive will be increased to £10 million.

SEIS attracts tax relief at a rate of 30% while EIS, VCT and Social investment tax relief investments attract relief at a 50% rate.

SITR relief is available for relief at 30% on investments in certain social enterprises (including charities) up to £1.5 million. Capital gains, which are exempt on disposal, from the disposal of other assets may be able to be deferred by making a SITR investment up to the £1.5 million limit.

With all of these reliefs there are many rules to be complied with. Please seek our advice.

Our story, so far

In 1966 Martin Cordell, whose father-in-law and many other family members were Licensed London Taxi Drivers, saw how they struggled to deal with their taxation affairs. He decided to set up a business that could handle accounts for taxi drivers and other sole traders. He realised that it was pointless making it a complicated issue and that it had to be explained in a plain and easy to understand way.

So Martin Cordell and Co was born and today is the largest Taxi Drivers Accountants in London, handling thousands of Licensed Taxi Drivers' accounts using state of the art computer systems.